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First NLC converts bankruptcy case to Chapter 7
By Caroline Salls
Pittsburgh, May 9 - First NLC Financial Services, LLC has voluntarily converted its Chapter 11 bankruptcy case to Chapter 7, which is used for liquidation, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of Florida.
First NLC, Friedman, Billings, Ramsey Group, Inc.'s mortgage origination subsidiary, filed for bankruptcy on Jan. 18. Its Chapter 11 case number is 08-10632.
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